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Botswana's Diamond Exports -61% in July

Diamond exports declined 31 percent ‎to ‎‎$2.28 ‎billion for the first seven months of 2012.
Sep 2, 2012 4:38 AM   By Avi Krawitz
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RAPAPORT... Botswana’s diamond exports fell 61 percent year on year to $260.4 ‎million ‎in ‎July ‎‎2012, ‎according to data released by the Bank of Botswana. During the ‎first ‎seven ‎months ‎of the year, the ‎country’s diamond exports declined by 31 percent ‎to ‎‎$2.28 ‎billion. However, the bank restated Botswana’s exports for the second quarter to $1.03 ‎billion from $889.5 million previously reported.   ‎  
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Botswana's diamond exports are expected to increase significantly in August after De Beers relocated its sorting activities from London to Gaborone during the month.

The bank’s data is a representative sample of the country's full diamond ‎trade ‎and ‎is ‎sourced ‎from the Diamond Trading Company Botswana, ‎Leo ‎Schachter ‎Botswana, ‎Teemane ‎Manufacturing Co. and the Central Statistics Office.‎
Tags: Avi Krawitz, Botswana, De Beers, Diamond Trading Company, diamonds, DTC, Leo Schachter Botswana,, Rapaport, Teemane Manufacturing Co.
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